Calif. fast-food chains slash workers as $20-an-hour minimum wage looms
Calif. fast-food chains slash workers as $20-an-hour minimum wage looms
California restaurants are reportedly laying off staff and reducing hours for other team members in an effort to cut costs ahead of a California state law taking effect on April 1 that will raise f…
Who would have thought?
Look no further than Europe to see the same franchises fully staffed, paying better wages and charging marginally different prices. America gonna do the American thing at first. They'll get with the program eventually.
The bread excemption meant the wage increase was only going to be ineffective or detrimental to workers. Companies that increase wages will cut staff or fold while the companies that made bread will continue to make bread.
The problem is that a wage increase requires a holistic approach that removes the incentive for the highest paid to make more money, caps on COL expenses, increased taxes on higher brackets that goes to 100%, and corporate taxes that can't be loopholed to a fraction of nothing.
Increasing wages without taking actions to support that increase results in the increase of COL and inflation, negating the increase in wages; it is like wiping mid-shit.
California needs to focus on driving down their cost of living. I loved living there but everything was mind numbing expensive.
They won't lower the cost of living because it is a direct result of their chosen economic policies.